Mike Novogratz offered Peter Schiff a bet on the price of bitcoin

If the asset price is below $35 000 in a year, Novogratz will lose $1 million

24.01.2022 - 08:40

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1 min

What’s new? The founder of the Galaxy Digital cryptocurrency bank, Mike Novogratz, posted a tweet in which he offered the famous bitcoin skeptic Peter Schiff a bet of $1 million.

@PeterSchiff I’ll bet $1mm to the charity of either of our choices that $BTC is higher than 35k a year from now. You on? https://t.co/ilQ5KJrHGP— Mike Novogratz (@novogratz) January 22, 2022

“Peter Schiff, I will bet $1million to the charity of either of our choices that bitcoin is higher than $35 000 a year from now,” he explained.

What other statements did the entrepreneur make? According to Mike Novogratz, a bear market has now arrived where bitcoin can reach the $10 000 mark. The entrepreneur believes that a new rally will not begin until the stock market stabilizes.

As for the correction in the crypto market, Novogratz said that “crypto already had a decent sell-off and is running into some buying support.”

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